The Central Bank of Egypt (CBE), in cooperation with the Social Housing Fund has launched an initiative to collect the installments of mortgage and home loans electronically.
[Egypt] ENPO selects Temenos to power its digital transformation, promote governmental initiative for financial inclusion
Temenos announced that Egyptian National Post Organization (ENPO) has choosen its cloud-native, cloud-agnostic Temenos T24 Transact and Temenos Infinity to consolidate over 20 disparate systems into one single digital platform.
The African Development Bank and technology firm Microsoft have launched an online tool to provide digital skills to African youth, wherever they are across the continent.
[South Africa] JSE, African exchanges, AfDB and ASEA partner to increase cross-border trade in Africa
JSE and seven African partner exchanges in collaboration with the AfDB and ASEA hosted the African Exchange Linkage Project Stakeholder Engagement Forum to strengthen investment flows across African countries.
It was something that Cairo-based shop owner Nader Shawky had come to dread: paying his phone bill.
Egypt successfully launched its first telecommunications satellite from a space center in French Guiana in South America on Tuesday.
The term of Egypt’s Central Bank Governor Tarek Amer has been renewed, the new term to end in 2023.
EDF Renewables, the renewable energy subsidiary of EDF Group and KarmSolar, a developer and supplier of solar power in Egypt, are entering into a strategic partnership in the development of distributed solar in Egypt.
The European Bank for Reconstruction and Development (EBRD) has supported the modernisation of Egypt’s oil industry with a $50 million loan to upgrade the oil refinery owned by Suez Oil Processing Company.
The European Bank for Reconstruction and Development (EBRD) has supported the development of a more resilient and robust electricity grid across Egypt with a €182.9 million loan to the Egyptian Electricity Transmission Company.
The CEO of the U.S. International Development Finance Corporation (DFC), announced a commitment to provide $430 million in insurance to advance energy security in Egypt.
The International Islamic Trade Finance Corporation in Egypt’s New Capital City has signed an agreement to provide a $100-million credit facility to the African Export-Import Bank to promote Arab-Africa trade and investments.
Openet, a leader in Digital BSS, announced that it has opened two new offices in Canada and South Africa, to better meet global demand for its innovative digital BSS portfolio.
Qatar Petroleum announced the successful start-up of the Egyptian Refining Company (ERC) Refinery project located in Mostorod, north of the Egyptian capital Cairo.
Telecom Egypt company achieved revenues of EGP19bn during the first nine months of this year, a growth of 10% over the same period last year, due to an increase in revenues from data services by 35%.
"Egypt’s decision to establish an export risk guarantee company will allow it to be a key driver in the implementation of the African Continental Free Trade Area agreement."
SDX Energy, the MENA-focused oil and gas company, is pleased to announce the commencement of production from its operated South Disouq concession in Egypt.
Egypt is poised to launch its first ever communication satellite "Tiba 1", which will be earmarked for public and trade telecommunication services.
Mastercard has signed a strategic partnership agreement with e-finance, Egypt’s first fintech company, to support the digitization of online government payments across the country.
LOC announces that it has become the third-party provider for marine assurance & inspection with BP Egypt.
Walid Amer is an experienced Certified Management Accountant with proven leadership expertise in assisting others in understanding the instrumental role finance data plays in improving business processes.
Vodafone International has signed a deal to acquire Vodafone Egypt International Services (VIS) platform, one of Vodafone Egypt's subsidiaries in the local market, for EGP 1bn.
ACWA Power has signed a Power Purchase Agreement (PPA) with the Government of Egypt to develop, finance, construct and operate the Kom Ombo photovoltaic plant, which will yield a capacity of 200 MW.
Orascom Construction has announced that the construction and commissioning at Ras Ghareb Wind Energy project in Egypt is complete 45 days ahead of schedule.
Andela, the global technology company that builds distributed engineering teams with Africa's top software engineers today officially launched its operations in Egypt.
Noble Energy announced that the Company and its partners have amended their agreements for the sale of natural gas to Dolphinus Holdings from the Leviathan and Tamar fields.
Kemin Industries has announced an increased partnership with ME VAC, an animal vaccine manufacturer in Egypt, to further expand the Kemin portfolio in the global animal vaccination market.
The European Investment Bank has appointed Alfredo Abad as the bank’s head of the Cairo office to strengthen engagement with Egyptian partners.
Eni has discovered new resources in the Abu Rudeis Sidri development lease, in the Gulf of Suez.
Shell Egypt is to market its current onshore upstream assets in the Western Desert in order to fully concentrate on growing its Egyptian offshore exploration and integrated gas business.
[Egypt] Afreximbank to roll out quality assurance centres to support compliance with international standards and technical regulations
Recognizing the negative impact on trade for African countries, the Afreximbank has introduced an initiative to tackle non-compliance with international standards and technical regulations.
President of the Federation of the Egyptian Chambers of Commerce (FEDCOC) Ibrahim El Arabi said the volume of investments between Egypt and Portugal amounted to more than $450 million.
RiseUp, a Cairo-based platform that connects startups to resources worldwide, has acquired StarterHub, a Middle East and North Africa (MENA) focused online startup community.
El Dabaa Nuclear Power Plant (NPP) project will help transfer advanced technologies to Egypt, Minister of Electricity and Renewable Energy Mohamed Shaker said.
Following the recent debut of its flagship A380 aircraft to Cairo, Emirates will introduce a regular scheduled commercial A380 service to the Egyptian capital starting from 27 October 2019, four times a week.
ADES International has entered into a second deepwater drilling campaign with a top tier international oil company for deepwater drilling services in the Egypt.
Egypt’s trade deficit declined 18.9 percent during July 2019, recording $4.21 billion, compared to $5.18 billion in the same month of 2018, according to the state's statistics agency CAPMAS.
Five African countries initiate banking reforms to drive development and tackle climate change, report
Thirty-eight emerging market economies, including five countries in Africa, have initiated key banking reforms to drive development and fight climate change, according to the second Global Progress Report.
IFAD has opened a regional office in Cairo to serve as a strategic rural development center for its work to reduce poverty, empower women and youth, and create employment opportunities in seven countries across the region.
Hyatt Hotels Corporation announced that a Hyatt affiliate has entered into a franchise agreement with ALDAU Development group for a Hyatt-branded hotel in Cairo, Egypt.
Deputy Trade and Industry Minister Ahmed Taha reiterated cooperation with the German side in the digital transformation of Egypt's industrial sector.
[Egypt] American University in Cairo moves to Ellucian cloud to drive innovation and digital transformation
Ellucian, the leading provider of software and services built to power higher education has announced that the American University in Cairo has to move its Ellucian Banner student information systems (SIS) to the cloud.
Ericom Software, a leader in Zero Trust Browser Isolation and Secure Access solutions is partnering with RAS Infotech, a provider of complete Network Security Solutions in the Middle East and Africa
MoneyGram, a global money transfer company,has announced a partnership with Agricultural Bank of Egypt (ABE), one of the biggest agricultural banks in the Arab world and Middle East.
EgyptAir and Lufthansa will extend their codeshare operation offering further connections to both airlines’ customers in Europe and Egypt.
Emirates will be operating its A380 service to Cairo International Airport on 2 October 2019, making it the first scheduled commercial airline to operate an A380 flight into Egypt.
MaxAB, an Egyptian B2B e-commerce marketplace that connects informal food and grocery retailers with suppliers via an easy-to-use app, has secured seed funding of $6.2 million, one of the largest ever seed rounds raised by a MENA startup.
EgyptAir has entered a codeshare agreement with United Airlines.
Eni announces the successful commissioning and start-up of production of the offshore Baltim South West gas field in Egypt.
Radwa Khairy has over a decade's worth of experience in the Human Resources, Hospitality and Travels fields. In December 2018, she founded Talents Fit, a recruitment platform servicing human resourcing and employment needs in Egypt.
Telecom Egypt and the Administrative Capital for Urban Development have signed an agreement to build and operate a telecom networks in the new administrative capital as well as to provide smart and security services networks.
ECS Group’s Turkish subsidiary GAC TR (Globe Air Cargo Turkey) has signed an exclusivity contract with EgyptAir Cargo to begin optimising marketing of its cargo offering from September.
Egypt and China have inked a memorandum of understanding (MOU) on exporting fresh Egyptian dates to China.
Egypt Public Businesses Minister Hisham Tawfiq has held discussions with Chinese Minister Miao Wei on cooperation in manufacturing electric cars through developing El Nasr Automotive company and the Engineering Company for Car Industry.
Telecom Egypt, Administrative Capital for Urban Development partner to provide telecom and smart services network
Telecom Egypt and the Administrative Capital for Urban Development (ACUD) have signed an agreement to build and operate a telecom networks in the new administrative capital.
Egypt’s foreign reserves have risen by about $52 million, recording $44.969 billion by the end of August 2019, compared to $44.917 billion by the end of July 2019, according to the Central Bank of Egypt.
flyEgypt is partnering with online payment solution provider and Amazon subsidiary, PAYFORT to offer new payment solution for passengers.
The Africa mobile phone market declined 1.8% quarter on quarter, QoQ, in Q2 2019, according to the latest figures announced by International Data Corporation.
Egyptian Silicon Industries Company and Silicon Waha have entered a deal to increase the production capacity of SICO factory for smart phones and tablets, in New Assiut Technology Park.
Eni announces that the production from Zohr field has now reached more than 2.7 billion cubic feet per day (bcfd), about 5 months ahead of the Plan of Development (PoD).
Africa is an exciting frontier in the global natural gas sector. The continent holds 7.1 percent of proven global gas reserves.
Telecom Egypt has announced its second quarter of 2019 results ending on 30 June, stating that total revenues recorded EGP 6.6 billion, growing by 24 percent year-over-year.
EgyptAir has said that the first ever flight for the sixth and last Boeing 787-9 Dreamliner is set to be operated on the company's route to Beijing on Sunday.
Telecom Egypt is setting strategies to develop its systems and broaden its networks, and has signed an agreement with Chinese technology company Huawei.
Telecom Egypt recorded consolidated profits of LE 2.13 billion during the first half of 2019, compared to LE 2.06 billion including minority rights during the same half of 2018, marking an increase of 3.49 percent.
The Central Bank of Egypt (CBE) has signed a memorandum of understanding with Dubai Financial Services Authority (DFSA) on cooperation in the field of supervising markets.
IFC and MIGA, members of the World Bank Group, signed an agreement to support the development of a 252-megawatt wind farm by Lekela in Egypt’s Red Sea governorate.
EgyptAir maintenance and engineering has signed a partnership agreement with SKAN Aviation to establish a line maintenance station in Dubai International Airport.
The Egyptian petroleum ministry has announced a new gas discovery in the Nile Delta area with an estimated production of 20 million cubic feet per day, which would help the North African country become a regional energy hub.
Egypt’s Fiber Misr has entered into a partnership with Orange Marine to establish the first regional centre in Egypt and Africa to provide services for this industry.
The Republic of Madagascar became the fourth AU member states to sign the Treaty for the establishment of the African Medicine Agency (AMA) on 1 August 2019.
The Central Bank of Egypt (CBE) has launched a fresh standard for determining a risk-free interest rate.
Egypt Prime Minister Mostafa Mabdouly has appointed Hala El Gohary as the CEO of the Information Technology Industry Development Agency (ITIDA).
KONKA, a Chinese home appliance company, is set to establish a joint venture with the HOHO, an Egypt-based home appliance company, which is followed by an investment for the construction of a new factory.
The South Africa Minister for Trade and Industry Mr Ebrahim Patel has launched Aberdare Cables R135 million High Voltage Power Cables Plant in Port Elizabeth.
The technology group Wärtsilä will supply additional capacity for an existing power plant located in Borg El Arab, an industrial city some 45 kilometres southwest of Alexandria, Egypt.
By 2022, B2C E-Commerce sales in the Middle East and North Africa (MENA) are projected to increase two-fold compared to 2019, according to forecasts by Research and Markets company.
Egyptair has launched three flights every week will start operating on Sundays, Tuesdays and Thursdays each week to the city of Douala, Cameroon, via Ndjamena, Chad.
Eni has announced that production from South West Meleiha Development Lease, located in the Egyptian Western Desert, some 130 Km North of the oasis of Siwa, has started.
Telecom Egypt has signed a strategic partnership agreement with Cable Network Egypt to provide Egypt’s customers with Internet Protocol television services.
The United Nations World Food Programme (WFP) and the European Union (EU) celebrated their five-year-long partnership in Egypt during which they have assisted more than 2.3 million people in collaboration with the Egyptian Government.
[Column] Michael Arum: Sugar industry faces exacerbated decline and extinction on proposed regulations in Kenya
Kenya’s sugar industry has many natural advantages, almost all of which have been undermined by policy and public mismanagement that has seen its productivity slump.
FVC has partnered with Avaya Holdings Corp. to help businesses across North, West, East, Central Africa and Egypt deliver unmatched customer experiences with Collaboration and Cloud Communications.
E-Commerce currently accounts for a small percentage share of total retail sales in Africa according to the latest report by Research and Markets.
Telecom Egypt and Etisalat Misr sign four agreements to provide virtual fixed voice and bitstream services
Telecom Egypt and Etisalat Misr have signed four agreements to maximize their customers’ interest and provide them with the best services available in the Egyptian market.
The operational phase of the African Continental Free Trade Area, AfCFTA has been launched after a day-long summit of Heads of State and Government of the African Union (AU) in the Nigerien capital.
Telecom Egypt and Banque Misr have signed an agreement in preparation of the launch of WE mobile wallet.
Telecom Egypt yesterday, Monday, announced that it increased the capacity of packages offered to customers in line with the new speeds and quality of internet services.
Banks operating in the Egyptian market achieved a net profit of EGP 39.29bn at the end of March, according to the Central Bank of Egypt.
Etihad Airways is preparing to launch seasonal summer flights from Abu Dhabi to the historic Egyptian city of Alexandria.
fonYou has announced that it is partnering with a mobile operator in Egypt to deploy its iCarrier Data platform for the distribution of hyper-personalized airtime, data bundles and other carrier products.
Etihad Airways is preparing to launch seasonal summer flights from Abu Dhabi to the beautiful and historic Egyptian city of Alexandria, one of oldest continuously-inhabited locations in the world.
South Africa, Nigeria, Kenya, Egypt and Morocco hold some of the most active tech hubs in Africa, with the total number of these hubs in Africa having grown to 442 in 2018.
Telecom Egypt and Juniper Networks have signed a Memorandum of Understanding further cementing Juniper’s position as a strategic technology provider for Telecom Egypt.
Mastercard unveiled its cutting-edge payment designed to help Egypt achieve its digital economy vision.
Temenos has announced that Banque du Caire has gone live with Temenos Infinity, the omni-channel digital banking product to transform the bank’s multiple banking channels.
ADES International, a leading oil & gas drilling and production services provider in the MENA region has been awarded a new two-year contract in Egypt and has signed a one-year contract extension for its onshore rig RIG 828 in Algeria.
Six COMESA countries have so far signed the Commitment towards establishment of a single African Air Transport Market.
The Central Bank of Egypt (CBE) has launched the first national financial technology portal.
EgyptAir has received its third aircraft B787-9 Dreamliner as part of a deal for six aircraft that EgyptAir had purchased to join its fleet, all arriving in June and July.